Jeera Futures Continue Its Downtrend

Jeera futures continue its downtrend tracking lower demand from the physical market. The physical demand is not picking up as per expectation as the stocks are dwindling. NCDEX Oct’16 Jeera closed 1.14% down to close at Rs 17,335 per quintal. In the next few months, the prices will depend on export demand, which is expected to pick up as prices have corrected enough in last 2 weeks.